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X is ‘close to breakeven’ says CEO Linda Yaccarino
  + stars: | 2023-08-10 | by ( Clare Duffy | ) edition.cnn.com   time to read: +5 min
New York CNN —X CEO Linda Yaccarino, leader of the platform formerly known as Twitter, said the company is keeping an eye on new competitor Threads, despite the sharply slowing growth of the rival app from Meta. Musk, who is now the company’s chief technology officer, has also been preparing for a cage fight with Meta CEO Mark Zuckerberg. Yaccarino joined the company after months of turmoil caused by Musk’s takeover, including mass layoffs, controversial policy decisions and various legal battles. Yaccarino, a former marketing executive with NBCUniversal, was brought on to Twitter in part to help revive its advertising business. And she said on Thursday that the company is “close to breakeven.”“Coca Cola, Visa, State Farm is a huge partner, they’re coming back — the last bunch of weeks, continued revenue growth,” Yaccarino said.
Persons: Linda Yaccarino, it’s, ” Yaccarino, they’ll, , Yaccarino, we’re, Staving, Elon Musk, WeChat, Mark Zuckerberg, , Musk, they’re Organizations: New, New York CNN, Twitter, Meta, CNBC, Fidelity, Visa Locations: New York, breakeven, Coca Cola
During a lengthy sit-down interview with CNBC’s Sara Eisen, Yaccarino described the one-time bird platform as if everything were not only swell, but in a better position since Musk’s chaotic takeover and reign. But perhaps an even more preposterous claim from Yaccarino came when Eisen pressed her on brand safety and hate speech appearing on the platform since Musk’s takeover. Yaccarino celebrated Coca-Cola and State Farm marketing their products on Twitter/X, as she underscored the platform’s commitment to brand safety. Under Musk’s watch, the platform has welcomed back white nationalists, conspiracy theorists, anti-vaccine activists, and various other extremists with open arms. Alas, it is no wonder that conspiracy theories and hate speech are flourishing on the platform.
Persons: CNN — Linda Yaccarino, CNBC’s Sara Eisen, Yaccarino, Yaccarino fantastically, Eisen, , , Musk, Eisner Organizations: CNN, Elon Musk, Twitter, Defamation League, Center, Strategic, Secure Community Network, State Farm, Media Locations: Yaccarino
CNN —Donald Trump’s already daunting legal predicament gets grimmer by the day as new details emerge of the depths to which he was prepared to stoop to reverse his defeat in the 2020 election. And as the former president’s legal team juggles court dates in different cities this week, their task in defending Trump is getting ever more complex. The stampede of developments around Trump’s cases is providing only a hint of the political and legal collision that is likely to unfold next year. But data from Trump’s account could potentially provide information about which phone – and potentially person – posted tweets to the account. Twitter data might also show any direct messages sent to or from Trump’s account.
Persons: Donald Trump’s, Trump, Fani Willis, Jack Smith’s, Carlos De Oliveira, Walt Nauta, Biden, Craig Robertson, Attorney Alvin Bragg, Stormy Daniels, Bragg, George Soros, Robertson, , General Merrick Garland, Willis –, , Willis, Gov, Geoff Duncan, ” Duncan, CNN’s Erin Burnett, Georgia Biden, Brad Raffensperger, CNN’s Sara Murray, Elie Honig, Smith, , Renato Mariotti, Jake Tapper, Trump ‘, ’ ” Trump, Joe Biden’s DOJ, ” Trump Organizations: CNN, Trump, Twitter, New York Times, FBI, Democratic, Manhattan, Attorney, Republican Locations: Georgia, Fulton County, Atlanta, Washington, Mar, Florida, Trump’s, Utah, Fulton, Coffee County , Georgia
CNN —The special counsel investigation into Donald Trump secured a search warrant of the former president’s Twitter account, @realDonaldTrump, according to a newly unsealed court filing. The search was so secret that Twitter was initially barred from telling Trump the search warrant had been obtained for his account, and the company, now known as “X,” was fined $350,000 because it delayed producing the records sought under the search warrant. The search warrant special counsel Jack Smith obtained sought “data and records related” to Trump’s account, and ultimately, the platform was allowed to share some information about the search warrant with the former president. It said that Smith’s office had “difficulties” when it first attempted to serve Twitter with the search warrant and nondisclosure order. The next week, however, prosecutors contacted Twitter’s lawyer to check on the status of their compliance with the search warrant.
Persons: Donald Trump, , Jack Smith, Jack Smith’s, Trump, , Trump ‘, , , , Smith, Florence Pan, J, Michelle Childs, Nina Pillard, Childs, Joe Biden, Pillard, Barack Obama, Twitter’s, Twitter Organizations: CNN, Twitter, Trump, DC, Appeals, Communications, Prosecutors, DC Circuit, Circuit
Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.
Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, , Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, , Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada
The data from market research firms Similarweb and Sensor Tower highlight the challenges facing Meta as it seeks to exploit the opening created by the chaos surrounding Twitter’s management. Threads’ daily active user count is down 82% from launch as of July 31, according to Sensor Tower, with just eight million users accessing the app each day. On its launch day, Threads users opened the app an average of 14 times and spent an average of 19 minutes scrolling through it, the company reported. The steepest drop-off occurred in the two weeks immediately following Threads’ launch. According to Sensor Tower, Threads’ daily active user count is still falling at a rate of roughly 1% per day.
Persons: Abe Yousef, David Carr, Mark Zuckerberg, , we’re, Zuckerberg Organizations: DC CNN, Twitter, Similarweb Locations: Washington
Twitter sues watchdog Center for Countering Digital Hate
  + stars: | 2023-08-01 | by ( Brian Fung | ) edition.cnn.com   time to read: +3 min
Washington, DC CNN —Twitter has sued the Center for Countering Digital Hate, a nonprofit group that has criticized the company’s handling of hate speech, following through on a litigation threat that had been publicly revealed just hours before. The lawsuit filed Monday in San Francisco federal court accuses CCDH of deliberately trying to drive advertisers away from Twitter — recently rebranded as “X” — by publishing reports critical of the platform’s response to hateful content. It specifically claims CCDH violated Twitter’s terms of service, and federal hacking laws, by scraping data from the company’s platform and by encouraging an unnamed individual to improperly collect information about Twitter that it had provided to a third-party brand monitoring provider. The complaint accuses CCDH of engaging in a wide-ranging campaign to silence users of Twitter’s platform by calling attention to the views they post on social media. But Monday’s complaint does not appear to include such an allegation.
Persons: CCDH, Ahmed, , Elon Musk, ” Ahmed, Musk, ‘ I’m, Imran Ahmed, Twitter, Organizations: DC CNN, Twitter, Center, CNN Locations: Washington, San Francisco
Background: San Francisco was investigating. Twitter representatives told the inspector that it was a “temporary lighted sign for an event,” the complaint said. The changes were reflected inside Twitter’s San Francisco headquarters — X logos were projected in the cafeteria and conference rooms were renamed — as well as outside. Early on July 24, Mr. Musk shared a photo of a giant X projected on Twitter’s office building shortly after announcing the change. Days later, the “X” sign was installed.
Persons: Francisco, ” Mr, Hannan, , Elon Musk, Musk, adieu, Innisfree Organizations: San, Twitter, San Francisco, Associated Press, Incorporated Locations: San Francisco
Twitter threatens to sue hate-speech watchdog group
  + stars: | 2023-07-31 | by ( Brian Fung | ) edition.cnn.com   time to read: +4 min
In a July 20 letter shared publicly Monday, Twitter threatened to sue the Center for Countering Digital Hate, accusing the group of a campaign to hurt Twitter by driving away its advertisers. The CCDH has published numerous reports about various social media companies’ approach to everything from vaccine misinformation to online racism and antisemitism. Since taking over Twitter, Musk has slashed roughly 80% of the company’s staff, including many working on the platform’s content moderation teams. Threatening lawsuits has become a favored tactic for Musk as Twitter faces continued pressure. Earlier this month, Twitter threatened to sue Facebook-parent Meta over the launch of its competing app, Threads, accusing the company of copying Twitter’s product through trade secret theft.
Persons: DC CNN — Elon Musk, , Twitter, Alex Spiro, Musk, CCDH, Spiro, ” Spiro, Imran Ahmed, , Spiro didn’t, Organizations: DC CNN, Twitter, Safety, Defamation League, Tufts University, University of Southern, Facebook, Microsoft Locations: Washington, University of Southern California, Redmond, Wash
Elon Musk has over the last year threatened legal action against tech competitors, employees and people who use Twitter, which he owns. Now he is also taking aim at an organization that studies hate speech and misinformation on social media. The letter cited research published by the Center for Countering Digital Hate in June examining hate speech on Twitter, which Mr. Musk has renamed X.com. The research consisted of eight papers, including one that found that Twitter had taken no action against 99 percent of the 100 Twitter Blue accounts the center reported for “tweeting hate.” The letter called the research “false, misleading or both” and said the organization had used improper methodology. The letter added that the center was funded by Twitter’s competitors or foreign governments “in support of an ulterior agenda.”
Persons: Elon Musk, Musk, Organizations: X Corp, Center, Twitter
CNN —Officials from the San Francisco Department of Building Inspection on Monday morning observed that the new “X” on top of the building formerly known as Twitter’s headquarters was being dismantled, according to Patrick Hannan, the department’s spokesman. “Over the weekend, the Department of Building Inspection and City Planning received 24 complaints about the unpermitted structure, including concerns about its structural safety and illumination. This morning, building inspectors observed the structure being dismantled. A building permit is required to remove the structure but, due to safety concerns, the permit can be secured after the structure is taken down,” Hannan said in an email to CNN. “The property owner will be assessed fees for the unpermitted installation of the illuminated structure.
Persons: Patrick Hannan, ” Hannan, , Maruf Organizations: CNN, San Francisco Department of, Department of, Planning
The latest rival, Threads, was launched by Facebook-parent Meta and got a stunning start earlier this month. Facebook … when you’re looking for community (or used furniture)With more than 2 billion daily users around the world, it’s tricky to describe the stereotypical Facebook user. Pinterest … when you’re looking for inspirationPinterest lets users easily search for and organize visual-heavy inspiration on a wide range of creative topics. Twitter (aka X) … when you’re looking for what’s going on (for now)For years, Twitter was a central hub for real-time news. Threads … when you’re looking for musings from your favorite influencers, celebs and journalistsThe latest Twitter competitor, Threads, was launched by Facebook and Instagram parent company Meta.
Persons: Elon Musk, Instagram, it’s, Pinterest, , Snapchat, Charlie, “ David, , Nextdoor, Twitch …, Long, Donald Trump, Reddit, Musk, influencers, Jack Dorsey, Alexandria Ocasio Cortez, Chrissy Teigen Organizations: CNN, Facebook, , YouTube, LinkedIn, Capitol, Trump, Twitter, Meta, Democratic Rep Locations: Italy
Inspectors with the city attempted to gain access to the roof a second time on Saturday, but “upon arrival access was denied again by tenant,” the complaint said. Matt Dorsey, the District 6 supervisor who represents the part of the city where Twitter has its headquarters, said the company seemed to be in an “adversarial posture” when it refused to let building inspectors in. “I would like to sort of extend an olive branch,” Mr. Dorsey said. A complaint about that sign’s removal was also filed with the city. The “X” was installed shortly after the original sign was removed, The A.P.
Persons: Matt Dorsey, , Mr, Dorsey Organizations: Twitter, San Francisco, Associated Press
CNN —X, formerly known as Twitter, has reinstated Kanye West’s account on the social media platform. West will not be able to monetize his account, and no ads will appear next to his posts, the company told the Wall Street Journal on Saturday. The musician’s account was suspended in December for violating the platform’s rules on inciting violence. It’s not clear whether West submitted an appeal, or if something else prompted his account’s reactivation. CNN has reached out to Twitter and a representative for West but has not received a response.
Persons: Kanye, West –, Ye, West, David, Elon Musk, , Musk, It’s Organizations: CNN, Wall, Adidas, Twitter, West
Threads, the new social app from Meta, had a fast start this month when it racked up 100 million downloads in less than a week. We compiled a list of 15 of some of the most-followed celebrities and high-profile figures on Twitter who joined Threads, including Katy Perry, Ellen DeGeneres, Bill Gates, Britney Spears, Shakira and Oprah Winfrey. Then we compared their activity on Twitter with their activity on Threads every day since July 5, when Threads was released. We also looked at what they did on Instagram, which is owned by Meta and developed Threads. What we found is just an early snapshot, but it may provide some clues to where Threads is headed.
Persons: Katy Perry, Ellen DeGeneres, Bill Gates, Britney Spears, Shakira, Oprah Winfrey, Organizations: Meta, Twitter
New York CNN —Meta on Tuesday launched a highly anticipated “following feed” option in its Threads app as part of its latest batch of updates that could help the new social platform further chip away at Twitter’s position in the market. The option to see a reverse chronological feed of posts from only accounts a user follows had been one of the most requested features since Threads launched earlier this month. Meta has been steadily rolling out updates to Threads as it tries to keep users engaged in the new app. Threads had a hugely successful launch, topping 100 million sign-ups in its first week, but engagement has declined somewhat since then. Meta’s ongoing work on Threads comes as the chaos at Twitter continues.
Persons: Mark Zuckerberg, , Meta, they’ve, Elon Musk, Organizations: New, New York CNN, Meta, Twitter, Locations: New York
Reuters —Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft (already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future. Microsoft since 2003 has owned an X trademark related to communications about its Xbox video-game system. Meta Platforms - whose Threads platform is a new Twitter rival - owns a federal trademark registered in 2019 covering a blue-and-white letter “X” for fields including software and social media. Meta and Microsoft likely would not sue unless they feel threatened that Twitter’s X encroaches on brand equity they built in the letter, Gerben said.
Persons: Reuters — Billionaire Elon, , , Josh Gerben, Nikolas Kokovlis, Gerben, Meta, Douglas Masters, Loeb, Ed Timberlake Organizations: Reuters — Billionaire, Twitter, Meta, Microsoft, Elon, Getty, Facebook Locations: Athens, Greece
When Musk bought Twitter late last year, he laid out a vision for an “everything” app called X, where users could communicate, shop, consume entertainment and more. Musk — who bought Twitter with a company called X Corp. — tweeted on Sunday that X.com now redirects to Twitter. Musk even told followers that tweets should instead be called “x’s.”On Sunday, CEO Linda Yaccarino seemed to confirm Musk’s vision for the company. Elon Musk has officially rebranded Twitter as "X," as he seeks to turn the platform into an "everything" app. And until Musk rolls out significant changes to the platform, observers of the company say ditching Twitter’s well-known brand is a risky move.
Persons: New York CNN — Elon Musk’s, Musk, — Musk, , , It’s, ” Mike Proulx, Forrester, Proulx, , Linda Yaccarino, ” Yaccarino, Elon Musk, Jonathan Brady, Walter Isaacson, texted Isaacson, ” “, ” Musk, he’s, WeChat, Deloitte, Instagram, Joshua White Organizations: New, New York CNN, Twitter, PayPal, Musk —, X Corp, SpaceX, Facebook, Vanderbilt University Locations: New York, China, Arizona, Michigan
For a whole lot of people, the latter best describes how they are feeling about Twitter, the live social conversation app. Having overseen — devised, really — the demise of Twitter, Musk has also created a reasonable chance that he could now be in charge of a complete brand blowout, should this daring reboot eventuate in extinction for X. The app formerly known as “Twitter” had almost 370 million users globally in December of last year, after Musk paid (overpaid) $44 billion to buy it. Less than a year later, it is already down to 353 million users, and Statista projects the number will decline to 335 million in 2024. Threads reached 100 million users in five days, which was surely the biggest case in history of rustling wandering strays from the herd.
Persons: Bill Carter, Bill Carter Fred Conrad, it’s, Elon Musk, , Musk, anoint, Molotov, Imran Ahmed, “ Elon Musk, Linda Yaccarino, Twitter ”, can’t Organizations: The New York Times, CNN, HBO, Twitter, Black, Center, San Francisco, SpaceX, Meta, Facebook, SNL, Nike
The billionaire owner of Twitter signaled the change was coming in a series of tweets. “Soon we shall bid adieu to the Twitter brand and, gradually, all the birds,” Musk wrote. How did we get here? A worker removing the sign at Twitter's headquarters in San Francisco on Monday. Photo: Justin Sullivan/Getty
Persons: adieu, ” Musk, Justin Sullivan, Getty Organizations: Twitter, Monday Locations: San Francisco
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Persons: Dow Jones Locations: elon
Twitter, the text-based social media platform that played an outsized role on society by serving as a digital town square, was killed by its unhinged owner Elon Musk on Sunday. A warped and disfigured platform, X marches on like a White Walker, an ugly shell of its former self under the command of a loathsome leader. X is a platform where journalists are banned and smeared while the most repellant and dishonest voices are elevated. X is a platform where the rules are unclear and content moderation is largely an idea of the past. And X is a platform where vital infrastructure is crumbling and the most basic of features often fail to function.
Persons: Elon Musk, White Walker, Musk, Donald Trump, Mark Zuckerberg Organizations: CNN, Twitter, Republican Party Locations: White
For more than 10 years, Twitter has been recognizable for its blue and white bird logo, which became a symbol of the social network’s unique culture and lexicon. “Tweeps” became the moniker for Twitter employees. Late on Sunday, Elon Musk began getting rid of it all. The tech billionaire, who bought Twitter last year, renamed the social platform X.com on its website and started replacing the bird logo with a stylized version of the 24th letter of the Latin alphabet. Inside Twitter’s headquarters in San Francisco, X logos were projected in the cafeteria, while conference rooms were renamed to words with X in them, including “eXposure,” “eXult” and “s3Xy,” according to photos seen by The New York Times.
Persons: Tweeps ”, Elon Musk, , Musk, adieu Organizations: Twitter, The New York Times Locations: San Francisco
New York CNN —In a radical rebranding, Twitter owner Elon Musk has replaced Twitter’s iconic bird logo with X.Musk made the shock announcement of his plans early Sunday. “Interim X logo goes live later today,” he wrote, shortly before sharing a photo of Twitter’s headquarters lit up by a giant new X. Increasing the pressure, earlier this month rival social media platform Threads launched from Facebook (FB) parent Meta. Twitter had 238 million active users prior to being taken private by Musk in October 2022. Musk explained his approach to free speech by saying: “Is someone you don’t like allowed to say something you don’t like?
Persons: Elon Musk, Musk, X.com, , “ adieu, Mary ”, Twitter's, David Odisho, Linda Yaccarino, Twitter, Mills, Adam Mosseri Organizations: New, New York CNN, Twitter, Facebook, SpaceX, Tesla, Defamation League, Free Press, GLAAD, Meta Locations: New York, Twitter's San Francisco
After surpassing 100 million user sign-ups in less than a week, user engagement on Threads has slowed. Threads daily active users fell from 49 million on July 7, two days after its launch, to 23.6 million users last Friday, according to a report published this week by web traffic analysis firm Similarweb. “I’m very optimistic about how the Threads community is coming together,” Meta CEO Mark Zuckerberg said in a post on the platform Monday. “We’re clearly way out over our skis on this,” Mosseri said in a Threads post the week of the app’s launch. Threads could be a way for Meta to eke additional engagement time out of its massive existing user base.
Persons: It’s, , Mark Zuckerberg, who’s, Adam Mosseri, ” Mosseri, Mosseri, ” Meta, Elon Musk, , Ali Mogharabi, Musk, Scott Kessler, ” Kessler Organizations: New, New York CNN, Meta, Twitter, , ” Morningstar Locations: New York
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